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4. Yield to maturity calculations A bond with 2 years to maturity, face value $100, an annual coupon rate of 5% and semi-annual coupon payments

4. Yield to maturity calculations A bond with 2 years to maturity, face value $100, an annual coupon rate of 5% and semi-annual coupon payments trades on the market at $105.89. Calculate the yield to maturity on this bond to an accuracy of one tenth of a percentage point. 5. Credit ratings

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